IFG Advisory LLC Increases Stock Position in Invesco S&P MidCap Momentum ETF $XMMO

IFG Advisory LLC grew its holdings in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 69.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 3,141 shares of the company’s stock after acquiring an additional 1,287 shares during the quarter. IFG Advisory LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $404,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Atria Investments Inc raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 71.5% in the second quarter. Atria Investments Inc now owns 27,574 shares of the company’s stock valued at $3,547,000 after buying an additional 11,495 shares during the last quarter. Savvy Advisors Inc. raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 1.1% in the second quarter. Savvy Advisors Inc. now owns 14,814 shares of the company’s stock valued at $1,906,000 after buying an additional 164 shares during the last quarter. Spire Wealth Management raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 5.3% in the second quarter. Spire Wealth Management now owns 5,053 shares of the company’s stock valued at $650,000 after buying an additional 255 shares during the last quarter. World Investment Advisors raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 1.7% in the second quarter. World Investment Advisors now owns 4,627 shares of the company’s stock valued at $595,000 after buying an additional 79 shares during the last quarter. Finally, Flagship Harbor Advisors LLC raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 2.9% in the second quarter. Flagship Harbor Advisors LLC now owns 30,701 shares of the company’s stock valued at $3,949,000 after buying an additional 870 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Stock Performance

Shares of NYSEARCA:XMMO opened at $136.01 on Monday. The company has a 50-day simple moving average of $134.48 and a 200-day simple moving average of $128.61. Invesco S&P MidCap Momentum ETF has a one year low of $97.50 and a one year high of $139.26. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 22.06 and a beta of 1.05.

Invesco S&P MidCap Momentum ETF Profile

The Invesco S&P MidCap Momentum ETF (XMMO) is an exchange-traded fund that is based on the S&P MidCap 400 Momentum (USD) index. The fund tracks an index of S&P 400 MidCap stocks selected by momentum and weighted by market cap and momentum. XMMO was launched on Mar 3, 2005 and is managed by Invesco.